11/08/2007

Soaring rentals!

Rentals for housing and now shop spaces are soaring. Good for the property owners. Excellent investment foresight. A little shop in a choice location can fetch $20k or $30k rent a month. And the shopkeeper will need to pay for salaries, the cost of goods and other expenses. Who pays for all these costs? The first $40k or $50k are cost to the shopkeeper. He is going to make someone else pay for it. He is there to provide a service and to make a profit. He is not running a charitable outfit. Good heavens, it is me and you, the consumers!

3 comments:

Anonymous said...

the population increase policy comes with a hefty cost, as plenty of hot money will be chasing after limited supplies of goods ands services; when inflation is in full flight it would affects the lower income group more than the rest.

redbean said...

it is already hitting the lower and middle income pop. and it is going to get worst.

Matilah_Singapura said...

I ain't complaining. I live in Australia off the rental rvenue in S'pore.

As far as I'm concerned, let it DOUBLE!